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PBOC Drains Net CNY20 Billion at OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY90 billion in
seven-day reverse repos and CNY30 billion in 14-day reverse repos via
open-market operations Friday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net drain of CNY20 billion for the day.
     A total of CNY140 billion in reverse repos matures Friday. 
     The PBOC has drained a total of CNY40 billion at its open-market operations
this week.
     The CFETS-ICAP money-market sentiment index ended at 33 on Thursday
compared with 38 at Wednesday's close. The lower the reading the better the
liquidity in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6684% compared with
2.8754% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 9023-5864; email: glen.perkinson@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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